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  1. Robert Morse

    Which one to take as 'tick' price from the IB snap-shot?

    Warren, It is my expectation that IB does not provide tick data to avoid non-display fees. Their data is based on some algo that calculates prices over a short time period.
  2. Robert Morse

    Which brokers is best for beginning short sellers?

    We offer all that but we are not "free".
  3. Robert Morse

    Overbought/oversold

    When I take a loss, oversold.
  4. Robert Morse

    Seeking info about TradeStation account types & API

    Lightspeed does not offer Option spreads in a CASH account either.
  5. Robert Morse

    Seeking info about TradeStation account types & API

    earth_imperator- email me if you can't get what you want from Tradestation. The Lightspeed Trader API is a C++ API and we offer CASH accounts with as little as $10,000. Market Data will not pass through this API so you will need market data for your server from a third party.
  6. Robert Morse

    Seeking US Brokers Accepting International Business Accounts…

    James63. If your Trust is located in NZ with trustees from NZ, we might be able to accommodate you. We only offer access to US Listed Stocks, options and Futures with Futures separate. My contact info is below if you want to chat.
  7. Robert Morse

    Borrow fees for shorting

    I do not have a formula for you. When I was short stock and I had to pay interest to carry the short as a market maker, and my software did not allow me to use negative interest, I would add a small dividend once a week until the IVOl of the puts and call converged. I find that paying a...
  8. Robert Morse

    Cash Account Questions

    I agree. I expect there will be a move to 1 day equity settlement in the "near" future. Using block chain technology, there is the potential for same day settlement. You would have to work out how stock loan would work in the future with less time to work their magic.
  9. Robert Morse

    Cash Account Questions

    #1- No, not in a cash account. Once you buy $30,000 in stock or Options, you have only $20,000 left that day. If you close the stock or options you bought that day, you get back your Bp from stock trades in 2 days and 1 day for options. #2-no. If you want the ability for your BP to recycle from...
  10. Robert Morse

    Can you use cash from shorting stocks to buy stocks

    The cash from the Sale is not your money! You can't do anything with it.
  11. Robert Morse

    Can you use cash from shorting stocks to buy stocks

    Let's say, in a simple situation, a company has 100,000 shares outstanding, and I own all those shares. You short 1000 Shares and sell them to Joe. Now Joe owns 1000 Shares and I own 100,000 Shares. Your broker borrowed 1000 shares from my broker to delivery these shares to Joe. The company...
  12. Robert Morse

    Trading VIX as a CoveredCall possible? :-)

    Although this is accurate, because there is no cross margin and DITM calls have very little premium over parity, the verticals call spread is more margin efficient.
  13. Robert Morse

    Trading VIX as a CoveredCall possible? :-)

    There is no underlying stock or ETF to use to buy. As an alternative, you can buy a DTIM call vs the one you sell as a vertical and have the same risk/reward.
  14. Robert Morse

    Can you use cash from shorting stocks to buy stocks

    The CASH in the Type 2 Margin account is your money. The CASH in the Type 3 short account is not your money. It is collateral for the lent shares.
  15. Robert Morse

    Can you use cash from shorting stocks to buy stocks

    If I'm short 100 Shares of AAPL and it goes XDIV, my clearing broker borrows that stock from someone that is long. They are entitled to get that dividend as they still own that stock and you borrowed it to make delivery to the buy stock you did not have. The short needs to make good on the dividend.
  16. Robert Morse

    Selling puts to enter?

    Please give us the symbol.
  17. Robert Morse

    Can you use cash from shorting stocks to buy stocks

    No. Long stock, long calls and short calls go into the type 2 Margin account while Short positions go into the Type 3 Short account. They do not offset and the money in the Type 3 account does not belong to you. It was from the sale of stock you did not own.
  18. Robert Morse

    Suggest me best trading app which is easy in use.

    Easy to use and best often do not come in the same package. Try a demo of our Lightspeed Web&Mobile - https://www.lightspeed.com/trading-platforms/web-mobile
  19. Robert Morse

    Leasing a seat cme worth it?

    Portfolio Margin (PM) is risk based margin for US-Listed Securities. The alternative is Reg-T Margin which is more cash based. In futures, the CME uses SPAN Margin which is also risk based but much better than PM as the CME is always changing the requirement to current market conditions, while...
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